For years businesses which take on numerous projects at once often have them spread across a number of limited companies. With main purpose for this being to ring fence risk and secure the main business assets from any ‘bad’ projects. However, a secondary advantage comes with setting
Read more →Philip Hammond announced big changes in his first (and last) Autumn Statement around the amount of VAT that small businesses will have to pay. From 1st April 2017, businesses using the flat rate VAT scheme that spend less than two per cent of sales on VAT inclusive
Read more →Tuesday, 31st January 2017 is the cut-off date for those having to fill in Self Assessment tax returns. With the deadline looming, Paul Brides, group tax manager at Champion Accountants gives some last minute tips. Who should submit Self Assessment? HMRC usually deducts tax from wages, pensions
Read more →Stamp Duty Land Tax (SDLT) is becoming increasingly more complex as HMRC tighten the legislation around the purchase of residential properties. It’s now widely known that individuals purchasing a second residential property will pay an additional 3 per cent on top of the usual SDLT rates. However,
Read more →By Andrew Dawson-Gerrard, founder and managing partner at Firstcomm Recruitment Ltd. Most SMEs don’t have highly developed HR functions. Yet without recruiting and retaining the right talent, businesses cannot grow successfully. With more than 20 years of industry experience and as an owner of a boutique recruitment
Read more →Author is Danny Evans, client manager at Champion Accountants A healthy body demands routine checks and examinations. And awful healthy food like broccoli. But we don’t have to talk about that. A healthy, thriving business needs the occasional check-up as well. No matter what stage your business
Read more →Philip Hammond delivered his first and last Autumn Statement yesterday as Chancellor of the Exchequer. All subsequent budgets following Spring 2017 will now be delivered in the autumn, starting next year. Thereafter, the OBR will produce a spring forecast to which the Government will respond making changes
Read more →Starting a business is tough, even with the best idea it doesn’t necessarily mean that you’ll succeed. With so many factors to consider and 55 per cent of start-ups failing in the first five years, it never hurts to remind yourself of the basics. Testing the lightbulb
Read more →The true result of Brexit is yet to be seen, but one thing is for certain, when Article 50 is triggered almost every aspect of economic life will change. Trading relationships will alter and the Government will have complete control over UK taxation. Currently, VAT (Value Added
Read more →Paying your taxes is set to become far less burdensome for British businesses, with HMRC’s plans to bring the current tax system into the 21st century. Described as a ‘digital revolution’ to cut red tape for SMEs, the Making Tax Digital programme will benefit millions of businesses.
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